AML Policy of Rentinvesto.app

RentInvesto.APP PSA, operating the RentInvesto mobile application and the portal under the domain rentinvesto.app (hereinafter referred to as the Service), is an obligated entity under the provisions of the Act on Counteracting Money Laundering and Financing of Terrorism (hereinafter referred to as the Act). In compliance with the Act, the company has implemented an internal Anti-Money Laundering and Counter-Terrorism Financing Procedure (hereinafter referred to as the “AML Procedure”) aimed at preventing money laundering and terrorism financing activities. Any questions regarding the implemented procedure or related concerns should be directed to the company’s address: Puławska 465, 02-842 Warsaw.

The implemented AML Procedure is designed to ensure compliance of the Service operated by the company with current European and Polish legal requirements and regulations. The primary objective is to eliminate clients using the Service while violating applicable laws. The company’s management has appointed a senior executive to oversee the compliance of the Service’s operations with the implemented AML Procedure, as well as the employees and other individuals acting on its behalf.

Objectives of the AML Procedure

One of the primary objectives of implementing the AML Procedure is to establish an approach to assess and manage the risk of money laundering and terrorism financing within the Service. Financial security measures appropriate to the assessed risk of money laundering and terrorism financing are applied to each client. The Service maintains the highest level of control to ensure proper identification of the ultimate owner of funds and employs enhanced financial security measures in cases of elevated risk.

The Service has developed risk-based procedures and monitoring systems to filter the activities of clients and employees. Any instances of risky behavior are detected, flagged, and reported to the appropriate authorities.

Transactions involving clients for whom the Service cannot apply the financial security measures specified in the Act will not be processed by the Service.

Rights of the Service

In accordance with the Act, the Service reserves the right to suspend a User’s account and freeze their funds until an internal investigation is conducted and the risk of any abuse, money laundering, or terrorism financing is excluded. It also reserves the right to report any suspicious activities to a third party involved in the transaction process or to legal authorities without notifying the client. The Service further reserves the right to terminate the agreement if illegal activities are suspected.

Client Obligations

Every client of the Service is required to consent to the provision of services subject to the AML Procedure.

The AML Procedure obligates a designated employee of the Service to notify the relevant law enforcement authorities about potential criminal activities and to report suspicious transactions to the General Inspector of Financial Information. In such cases, all stored information is made available, including bank account numbers, transaction numbers, IP addresses, transaction history, and any other relevant data.

Verification and Information Requests

As part of its services, the Service reserves the right to request additional information from the User at any time to verify their identity and to obtain supplementary information from external providers to ensure compliance with anti-money laundering and counter-terrorism financing regulations.

Data Retention

The Service is obligated to retain data for a period of 6 years.